By James Salzer
The Atlanta Journal-Constitution
Georgia Politics
April 4, 2010
A much-touted plan that Georgia legislative leaders said would spur job growth will probably have no immediate impact on the recession-wracked economy.
The “JOBS Act,” which won final passage in the General Assembly last week, would provide small unemployment tax breaks to businesses for hiring. But that would happen only if the federal government gives its approval and the state labor commissioner determines the unemployment trust fund has enough money to handle it. And the U.S. Department of Labor has already expressed doubts about the provision.
The bill would provide up to $9 million in tax credits over three years to investors who provide funding for certain small businesses. However, the investments that qualify wouldn’t begin until 2011 at the earliest.
For further reading please tap on link: http://www.ajc.com/news/georgia-politics-elections/jobs-act-falls-short-433923.html
© 2010 The Atlanta Journal-Constitution
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